This chemical is primarily utilized in organic synthesis, particularly in cross-coupling reactions such as Suzuki-Miyaura coupling. It serves as a key intermediate for constructing complex organic molecules, especially in the development of pharmaceuticals, agrochemicals, and advanced materials. Its boronate ester groups make it highly effective in forming carbon-carbon bonds, enabling the synthesis of biaryl compounds, which are essential in drug discovery and material science. Additionally, it is used in the production of organic electronic materials, including OLEDs and semiconductors, due to its ability to facilitate precise molecular assembly. Its role in polymerization processes also contributes to the creation of specialized polymers with tailored properties.